Trump threatens more tariffs on China as global markets plunge

News Snapshot:

WASHINGTON (AP) — President Donald Trump threatened additional tariffs on China on Monday, raising fresh concerns that his drive to rebalance the global economy could lead to a trade war. Trump's threat, which he delivered on social media, came after China said it would retaliate against U.S. tariffs announced last week. “If China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th,” he wrote on Truth Social. "Additionally, all talks with China concerning their requested meetings with...